Business Economics articles from July 2002

Business Economics archives from July 2002

From the editor.
July 1, 2002... In this issue, the safety and soundness of the U.S. banking system is a major pillar supporting healthy economic growth. John D. Hawke, Jr., the Controller of the Currency, points to independence of the supervisory system as one of the major...

Independent bank regulation is essential for sustained economic growth: its absence has sometimes proved to be catastrophic.(Industry Overview)
July 1, 2002... September 11, 2001 has provided new awareness of the security challenges facing international finance. Convergence in international financial practice and an increased sense of caution has improved bank supervision and practice, leading to more...

Evaluating Wall Street Journal survey forecasters: a multivariate approach.
July 1, 2002... This paper proposes a methodology for assessing the joint performance of multivariate forecasts of economic variables. The methodology is illustrated by comparing the rankings of forecasters by the Wall Street Journal with our alternative...

State revenue prospects & strategies: neither as unpredictable nor as grim as feared.
July 1, 2002... The poor recent economic performance of the U.S. economy has weakened state government revenues and created anxiety about the future. However, perspective on the past thirty years shows that the current economic slowdown is following fairly...

It's a long way to Monte Carlo: simulated solutions of commonly used financial models do not converge very quickly.
July 1, 2002... This paper presents practical examples on how Monte Carlo simulation software must be evaluated for precision. The examples are from financial planning cases, but the relevance of the methodologies displayed here for other probabilistic...

What works and what does not in restructuring electricity markets: "not invented here" is a recipe for disaster.(Industry Overview)
July 1, 2002... The cost and reliability of electricity supply are critical to business, which means that business in general--as well as the ownership and management of electricity service providers--has an important stake in whether and how to restructure...

Cotton Incorporated. (Economics at Work).(marketing efforts)(Industry Overview)
July 1, 2002... "White Gold" is the historical and yet contemporarily appropriate term for cotton, the natural fiber that continues to play an important role in the U.S. economy. The King Cotton of yore remains a major industry in the United States, with...

The global electronic components industry. (Focus on Industries and Markets).(Statistical Data Included)(Industry Overview)
July 1, 2002... The long term global demand for electronic components will remain strong during the current decade, though growth will be slightly less robust than in the past ten years (9.0 percent vs. 10.5 percent per annum). Ongoing advances in information...

What the Future Holds: Insights from Social Science. (Book Reviews).
July 1, 2002... Edited by Richard N. Cooper and Richard Layard. 2002. Cambridge, MA and London, England: The MIT Press. Pp. 285. $29.95 hardcover. The authors in this interesting book of essays repeatedly emphasize that forecasting is difficult, especially...

Managing New Industry Creation. (Book Reviews).
July 1, 2002... By Thomas P Murtha, Stefanie A. Lenway, and Jeffrey A. Hart. 2001. Stanford, CA: Stanford University Press. Pp. 268. $34.95 hardcover. This book presents the results of original research, and its contents are illustrated well by its two...